Afternoon all,
While I can't post a chart at the moment, I've been thinking for the past week or so that a cup and handle formation may be starting to form since the high of 40c in October.
If you look at the daily chart since, we had the potential bottom of the cup at about 18c, from which the sp has recovered to today's current level at 27c.
From here on in, my 2c is that if the cup and handle were to form, we'd see the sp gradually recover to 40c (the top of the cup), drift back down to about 34c or so (the handle), before lifting off (hopefully with news!)
The next few months will see how this pans out...
cup and handle formation?
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